FTX founder Bankman-Fried charged in US with bribing Chinese officials

NEW YORK – FTX co-founder Sam Bankman-Fried was charged with bribing Chinese officials in a revised indictment. 

The charge was added on Monday by a federal grand jury in Manhattan federal court.

Bankman-Fried was accused of sending US$40 million (S$53 million) in cryptocurrency intended for the benefit of one or more Chinese government officials in order to get them to unfreeze accounts at Alameda research holding more than US$1 billion in crypto.

Bankman-Fried already faces several counts of fraud over the collapse of FTX.

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